MV Electrosystems Files Draft Papers For ₹290-Crore IPO; Plans Major Investment In Working Capital And R&D

MV Electrosystems Files for ₹290 Crore IPO

MV Electrosystems, a leading manufacturer of electrical and power electronics equipment for railway rolling stock, has filed preliminary papers with Sebi to raise ₹290 crore through its initial public offering (IPO).

IPO Details

• Issue Type: Fresh Issue of Equity Shares
• Proceeds: ₹290 crore
• Uses of Funds:
  • ₹180 crore for funding long-term working capital requirements
  • ₹21 crore for investment in research, design and development activities for new power electronic equipment
  • General corporate purposes

About MV Electrosystems

Founded in 2009, MV Electrosystems is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock.

• Product Portfolio: Switchgear panels for railway coaches, cable protection and management products, and electrical components
• Outstanding Order Book: ₹207.5 crore with the Indian Railways

Financial Performance

Financially, MV Electrosystems' net profit stood at ₹1.4 crore in FY25, and revenue from operations was at ₹62.64 crore during the period.

IPO Lead Manager

Sundae Capital Advisors is the book-running lead manager to the company's public issue.

Key Stakeholder

Madhuri Madhusudan Kela, wife of well-known investor Madhusudan Kela, owns 5.6 per cent stake in the company.